NEW YORK, August 6, 2025 — Octane^® (Octane Lending, Inc.^®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has executed a $300 million forward-flow transaction with the Moore Specialty Credit (MSC) Platform, the Private Asset-Backed Finance (ABF) platform of Moore Capital Management, LP (Moore), a global private investment management firm.

Through this two-year, renewable agreement, MSC has agreed to purchase up to $300 million of high-quality, fixed-rate installment powersports loans originated by Octane’s in-house lender, Roadrunner Financial^®, Inc. Octane’s in-house loan servicer, Roadrunner Account Services, LLC, will service the loans.

The transaction – Octane’s fourth forward-flow agreement to date – brings the Company’s total value of forward-flow commitments signed in the past year to more than $2 billion. Octane has sold or entered into commitments to sell more than $2.8 billion since its first whole loan sale in December 2023.

“We deeply appreciate and value the MSC team’s partnership as we endeavor to deliver innovative, tailored solutions and a seamless, digital experience for dealers and OEMs,” said Steven Fernald, President and Chief Financial Officer at Octane. “We are thrilled to see growing demand from esteemed partners such as MSC for our asset class, buoyed by consistent and stable credit performance, and look forward to deepening our relationship with them in the years to come.”

“We are pleased to initiate this new partnership with Octane,” said Erik Siegel, Chief Investment Officer of the Moore Specialty Credit Platform. “Octane’s strong credit performance, focused underwriting, and differentiated approach to secured lending make this a compelling opportunity for MSC. We look forward to working together to support the continued development of this growing asset class.”

Octane continues to diversify its large base of existing capital providers in order to facilitate its continued strong growth and momentum. The company recently surpassed $6 billion in aggregate originations, seven months after it surpassed $5 billion in aggregate originations. Octane grew originations in 2024 by 36% year over year.

###

NEW YORK, July 17, 2025 — Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it promoted Steven Daum to Senior Vice President of Sales, Recreational Lending.

In this role, he will lead a team of more than twenty Sales professionals across Octane’s Powersports, Outdoor Power Equipment (OPE), Trailer, Recreational Vehicle (RV), and Marine business. Overseeing OEM Partnerships and Insights, Dealer Channel Sales, and Sales Operations, Mr. Daum is tasked with growing originations through Octane’s in-house lender, Roadrunner Financial®, Inc., by strengthening and expanding the company’s network of more than 5,000 dealer partners and 35 Original Equipment Manufacturer (OEM) partners.

Mr. Daum joined Octane in 2022 as the Vice President of Sales and became Vice President of Partnerships in 2024. Under his leadership, Octane has grown its dealer network, signed new partnerships and expanded agreements with leading OEMs, and grown originations by over 30% annually during his tenure. Additionally, he has helped the company increase its market share and enter new markets. 

Mr. Daum’s leadership has been instrumental in Octane’s ongoing success in the powersports market. The company recently surpassed $6 billion in aggregate originations and grew originations in 2024 by 36% year over year. 

“Steve has proven to be an exceptional leader and I’m grateful for his significant contributions to Octane during the past three years,” said Jon Vestal, EVP, GM of Recreational Lending at Octane. “We have very ambitious plans for the future and I’m confident Steve’s knowledge and expertise will help drive Octane’s next phase of growth.”

Prior to joining Octane, Mr. Daum held senior roles in the powersports industry, including Vice President and Chief Sales Officer. He graduated from Lourdes College with a bachelor’s degree in Finance and Accounting. Out of the office, Daum enjoys spending time with his family of five and being outdoors, riding side by sides, mountain biking, and playing hockey. 

###

NEW YORK, NY— June 26, 2025 — LoanStreet Inc., a leading technology provider for loan trading, reporting, analysis and servicing, announced the launch of a powersports participation program made available through a collaboration with Georgia’s Own and Octane Lending, Inc.®, (Octane®), the fintech revolutionizing the buying experience for major recreational purchases.

“Georgia’s Own is proud to partner with Octane to deliver powersports participations to credit unions across the country.  We believe that diversification across asset classes and partnering with best in class originators like Octane is critical to a well-functioning balance sheet,” said Christin Hewitt, CFO of Georgia’s Own.

“At Octane, we strive to partner with forward thinking, innovative financial institutions like Georgia’s Own to unlock the power of financial products for retailers and consumers,” said Jason Guss, CEO of Octane. “Our seamless, full-spectrum financing experience makes buying better for dealers, OEMs, and consumers while delivering strong, stable credit performance.”

“Ultimately, LoanStreet can deliver the broadest participation marketplace to facilitate balance sheet management to credit unions while enabling better financing solutions for consumers across any asset class.  We are proud to support innovative partners as they deliver best in class financial services across the US,” said Ian Lampl, CEO of LoanStreet.

This transaction follows a forward-flow partnership, facilitated by LoanStreet, through which Georgia’s Own purchases high-quality, fixed-rate installment powersports loans originated by Octane’s in-house lender, Roadrunner Financial®, Inc. that are aligned with Georgia’s Own’s risk criteria.

Although the first transaction is now closed, credit unions will have the opportunity to participate in future powersports whole loan sales through this partnership.  Interested parties should contact LoanStreet, Octane, or Georgia’s Own to learn more.

###

NEW YORK, May 6, 2025 — Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, today announced the completion of an agreement to sell a portfolio of $200 million of fixed-rate installment powersports loans to Yieldstreet, a leading private market investing platform. Yieldstreet received financing from J.P. Morgan to facilitate the transaction. 

The portfolio of whole loans was newly originated by Octane’s in-house lender, Roadrunner Financial®, Inc., and will be serviced by Octane’s in-house loan servicer, Roadrunner Account Services, LLC. 

This is Octane’s third whole loan sale to Yieldstreet. In late 2023 and early 2024, Octane sold a total of $280 million of fixed-rate powersports loans to Yieldstreet via two transactions, the first of which was Octane’s first whole loan sale and Yieldstreet’s inaugural private credit facility. Octane has sold or entered into forward flow commitments of over $2.2 billion to-date.

“Yieldstreet has been a strong partner for Octane since the fourth quarter of 2023 and we are both pleased and grateful for their continued interest in, and commitment to, our business,” said Steven Fernald, President and Chief Financial Officer at Octane. “We look forward to deepening our relationship with them as we continue to drive growth for dealers and OEMs with our innovative solutions and seamless, digital experience.”

“This transaction reinforces the strength of our longstanding relationship with Octane and shared commitment to excellence. Their robust underwriting and origination capabilities have made this a productive partnership totaling nearly $500 million so far. We look forward to future opportunities with Octane’s exceptional team as Yieldstreet continues to provide individual investors with broader access to attractive private markets investments previously limited to institutional capital,” said Fahd Basir, Managing Director and Head of Yieldstreet’s Credit Investments.

“This transaction fuels our growth strategy by increasing our capacity to fund high-quality originations,” said Nick Makarov, Senior Vice President, Capital Markets at Octane. “We are excited about our partnership with Yieldstreet and the potential to expand investor access to our offerings through their leading private market platform.”

This announcement follows a period of significant momentum for Octane. The company recently surpassed $6 billion in aggregate originations and grew originations by 36% year-over-year in 2024.

###

NEW YORK, April 15, 2025 — Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has executed an up to $700 million forward-flow facility. New York Life, the largest¹  mutual life insurance company in the United States, was the Loan Arranger and lead investor along with MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc., and Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH). Truist Securities served as Structuring Agent on behalf of the insurance syndicate. AB CarVal, an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business, served as an investment advisor on this transaction for Equitable. This transaction marks Octane’s largest forward-flow agreement to date, and its second such partnership with funds managed by life insurance providers.

Under the terms of the deal, New York Life has agreed to fund up to $350 million, MIM has agreed to fund up to $200 million, and Equitable has agreed to fund up to $150 million of fixed-rate installment powersports loans originated by Octane’s in-house lender, Roadrunner Financial®, Inc. Octane’s in-house loan servicer, Roadrunner Account Services, LLC, will continue to service the loans. 

The proceeds of this deal will support Octane’s continued momentum; the company grew originations in 2024 by 36% year over year. Through this transaction, the Company continues to diversify and grow its existing base of high quality capital providers. 

“We’re excited to leverage our strong, consistent, and stable credit performance by offering alternative asset classes to attract three distinguished insurance partners,” said Steve Fernald, President and CFO of Octane. “We look forward to strengthening our relationships with New York Life, MIM, and Equitable and continuing to serve our OEM and dealer partners with our innovative solutions and fast, seamless digital experience.”

“We are delighted to partner with Octane in this landmark forward-flow facility, which provides a valuable investment opportunity for New York Life and will help support Octane’s success and expansion,” said Brendan Feeney, Managing Director and Head of Consumer Asset Based Finance with New York Life. “This deal reinforces our commitment to our policy owners by investing in high-quality assets for the stability and growth of our portfolio. We look forward to deepening our relationship with Octane and our partners in this investment, MIM and Equitable.”

“We are committed to investing in innovative financial solutions that align with the strategic objectives of our General Account and this transaction further supports the development of AllianceBernstein’s Private Alternative capabilities, including AB CarVal,” said Glen Gardner, Chief Investment Officer of Equitable.

Octane has sold or entered into forward flow commitments of over $2 billion since its first whole-loan sale in late 2023, including a $500 million forward-flow facility with funds managed by AB CarVal in 2024. 

¹Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/4/2024. For methodology, please see https://fortune.com/franchise-list-page/fortune-500-methodology-2023/.

###

NEW YORK, March 4, 2025 — Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has sold a portfolio of $150 million of fixed-rate installment powersports loans to Nuveen, the investment manager of TIAA, one of the most highly rated and financially stable insurance companies in the United States. The portfolio of whole loans was newly originated by Octane’s in-house lender, Roadrunner Financial®, Inc., and will be serviced by Octane’s in-house loan servicer, Roadrunner Account Services, LLC. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on behalf of Octane. 

With this transaction, Octane continues to diversify its large existing base of capital providers. This is the company’s fourth whole loan sale to-date and its first with an insurer. Octane has sold or entered into forward flow commitments of over $1.2 billion since its first whole loan sale in late 2023. 

“Our strong, consistent credit performance and our ability to offer alternative asset classes has enabled us to attract a wide range of preeminent investors,” said Steven Fernald, President and Chief Financial Officer at Octane. “Nuveen was an outstanding partner on this transaction and we look forward to strengthening our relationship with them in the future.”

“We’re delighted to partner with Octane on this whole loan sale, supporting Octane’s ability to continue to diversify their existing base of capital providers,” said Ken Price, Senior Director, Private Placements at Nuveen. “This compelling opportunity aligns with how we look to invest in truly differentiated transactions, while applying our deep history of providing flexible capital solutions.”

Octane will leverage the proceeds of this sale to continue to build on its significant momentum. In 2024, the company originated over $1.6 billion, up 36% year-over-year, and surpassed $5 billion in originations to date. 

###